JPMorgan Launches Multi-Asset Index Linked Structured Notes

JPMorgan Chase & Co. has unveiled a new structured investment product linked to the J.P. Morgan Multi-Asset Index (MAX). The notes, issued by JPMorgan Chase Financial Company LLC and guaranteed by JPMorgan Chase & Co., offer exposure to a dynamic portfolio of up to 10 excess return futures-based indices across equities, fixed income, and commodities in developed markets like the U.S., Germany, and Japan. The index aims to provide diversified asset allocation based on a momentum strategy while maintaining stable volatility.

The notes have a minimum denomination of $1,000 and a participation rate of at least 450%. They pay a 2.00% annual interest rate for the first four years, with no interest in the final year. The initial value is based on the closing level of the index on the pricing date of October 27, 2026, and the final value will be determined on the observation date of October 27, 2031, with maturity on October 30, 2031. The estimated value of the notes will not be less than $900 per $1,000 principal amount.

The return profile of the notes is tied to the performance of the index. If the final value exceeds the initial value, investors will receive a cash payment based on the index return multiplied by the participation rate. Notably, investors will receive a full repayment of principal at maturity, even if the index declines, subject to the credit risks of the issuer and guarantor.

The offering includes several risks, such as credit risk of JPMorgan entities, market risks associated with non-U.S. securities, small-cap stocks, fixed income securities, and commodity futures. Additionally, the notes may be subject to additional risks due to notional short positions, futures contract values, and potential market disruptions. The estimated value of the notes is lower than the original issue price, and there is no guarantee of liquidity in the secondary market.